Property

3 Months Ended

Mar. 31, 2014

Real Estate [Abstract]

Property

Property

Our property consists of the following (in thousands):

	March 31, 2014		December 31, 2013
Land	$	833,714	$	854,409
Land held for development	115,714		116,935
Land under development	4,107		4,262
Buildings and improvements	3,204,721		3,238,817
Construction in-progress	70,993		74,853
Total	$	4,229,249	$	4,289,276

During the three months ended March 31, 2014, we sold three centers and other property. Aggregate gross sales proceeds from these transactions approximated $78.7 million and generated gains of approximately $18.3 million.

We classified one property as held for sale as of March 31, 2014, totaling $3.8 million before accumulated depreciation, and eight properties were classified as held for sale as of December 31, 2013, totaling $155.0 million before accumulated depreciation. See Note 9 for additional information.